Ibstock PLC Director/PDMR Shareholding (0898Y)
04 May 2019 - 1:22AM
UK Regulatory
TIDMIBST
RNS Number : 0898Y
Ibstock PLC
03 May 2019
3 May 2019
Ibstock plc (the "Company")
Grant of Awards under the Ibstock plc Long Term Incentive Plan
and the Ibstock plc Annual and Deferred Bonus Plan
Notification of Transactions by Persons Discharging Managerial
Responsibility ("PDMRs")
The Company announces that it granted an award ("LTIP Award")
over Ibstock plc ordinary shares of 1 penny each ("Ordinary
Shares") on 3 May 2019 to a PDMR in accordance with the rules of
the Ibstock plc Long Term Incentive Plan.
Name Status Number of Ordinary Option
Shares under LTIP Award Price
Joe Hudson Chief Executive 170,181 GBPNil
Officer
---------------- ------------------------- -------
No consideration was paid for the grant of the LTIP Award which
is structured as a nil cost option. The number of Ordinary Shares
granted under the LTIP Award has been calculated using an Ordinary
Share price of 262.0 pence per share.
The normal vesting date of the LTIP Awards will be 3 May 2022,
being the third anniversary of the award date.
Once vested, the LTIP Award will normally be exercisable until
the day before the tenth anniversary of the award date.
The LTIP Award will normally vest after three years based on the
satisfaction of the following performance conditions:-
i. 50% on relative TSR against the FTSE 250 construction and building materials companies: Median
performance (threshold); upper quartile performance (maximum); and
ii. 50% on compound annual Adjusted EPS growth: 6% p.a. compound growth (threshold); 12% p.a.
compound growth (maximum).
25% of the LTIP Award will vest for threshold performance under
both measures, with straight line vesting in between to full
vesting for the achievement of maximum performance.
A holding period applies, which will commence on Vesting of the
Award and end 2 years after Vesting.
On 3 May 2019 the Company also granted awards ("ADBP Awards")
over Ordinary Shares to PDMR's in accordance with the rules of the
Ibstock plc Annual and Deferred Bonus Plan ("ADBP").
Name Status Number of Ordinary Option
Shares under ADBP Award Price
Joe Hudson Chief Executive 28,942 GBPNil
Officer
---------------- ------------------------- -------
Kevin Sims Chief Financial 18,310 GBPNil
Officer
---------------- ------------------------- -------
These awards represent the deferral into Ordinary Shares of part
of the Executive Directors' 2018 bonus entitlements under the rules
of the ADBP.
No consideration was paid for the grant of the ADBP Awards which
were structured as nil cost options. The number of Ordinary Shares
granted under the ADBP Awards has been calculated in accordance
with the rules of the ADBP using an Ordinary Share price of
203.51pence, being the average Ordinary Share price measured over
the last 30 days of the financial year to which the bonus relates
ended 31 December 2018.
The ADBP Awards will normally vest on 3 May 2022, subject to the
participant being an employee of the Group at that time. Once
vested, the ADBP Award will normally be exercisable until the day
before the tenth anniversary of the award date.
The information below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Joseph Hudson
---------------------------------- -------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Ibstock plc
---------------------------------- -------------------------------------------------
b) LEI 2138003QHTNX34CN9V93
---------------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------------------
a) Description of the Ordinary shares of 1p each
financial instrument,
type of instrument
Identification code GB00BYXJC278
b) Nature of the transaction Grant of awards under
(a) the Ibstock plc Long Term Incentive
Plan; and
(b) the Ibstock plc Annual and Deferred
Bonus Plan
---------------------------------- -------------------------------------------------
c) Price(s) and volume(s)
----------------- ----------------
Price(s) Volume(s)
----------------- ----------------
(a) Nil 170,181
--------------------------------------------------------- ----------------
(b) Nil 28,942
--------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume 199,123
- Price Nil
e) Date of the transaction 2019-05-03
---------------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kevin Sims
------------------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name Ibstock plc
------------------------------------- ------------------------------------------
b) LEI 2138003QHTNX34CN9V93
------------------------------------- ------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------------
a) Description of the Ordinary shares of 1p each
financial instrument,
type of instrument
Identification code GB00BYXJC278
b) Nature of the transaction Grant of awards under the Ibstock
plc Annual and Deferred Bonus Plan
------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
Nil 18,310
-------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 18,310
- Price Nil
e) Date of the transaction 2019-05-03
------------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------- ------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHMMGGKKFLGLZM
(END) Dow Jones Newswires
May 03, 2019 11:22 ET (15:22 GMT)
Ibstock (LSE:IBST)
Historical Stock Chart
From Apr 2024 to May 2024
Ibstock (LSE:IBST)
Historical Stock Chart
From May 2023 to May 2024